Demand for imported steel billet and domestic steel reinforcing bar (rebar) in Egypt remained weak in the seven days to Thursday May 21, but billet import prices increased because of higher offers, sources told Fastmarkets.No improvement in demand is expected any time soon, sources said, due to the Islamic holy month of Ramadan and the Covid-19 pandemic.In addition, Egypt's president, Abdel F...Read More
Turkish steel producers resumed their deep-sea scrap bookings as expected on Thursday May 21, but prices rapidly increased because of the improving demand, sources told Fastmarkets.A steel mill in the Iskenderun region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (95:5) at $254.50 per tonne, 7,000 tonnes of shredded at $257.50 per tonne and 3,000 tonnes of bonus at $262.50 per tonne cfr....Read More
Trading activity in the Bangladesh import ferrous scrap market has ground to a halt in a week that has featured the continued Ramadan lull and the emergence of category-2 Cyclone Amphan over the country, market participants told Fastmarkets on Thursday May 21."No deals have been done recently. The market is very quiet because we are going into a long holiday for the eid festival," one South Asian...Read More
Seaborne iron ore prices rebounded on Thursday May 21 with active trading driven by improving steel production and demand, despite renewed concerns over supplies from Brazil. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $98.26 per tonne, up $1.31 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $101.63 per tonne, up $2.09 per tonne. 58% Fe fines high-grade premium, cfr Q...Read More
Turkish billet prices increased over the past week in line with rising prices in the Commonwealth of Independent States (CIS) region, sources said on Thursday May 21.Suppliers in the CIS region managed to secure some billet export sales to China, which have supported prices over the past week.Therefore, offers...Read More
CIS exporters of steel billet have continued to enjoy strong demand from China over the week to Thursday May 21. Suppliers have been concentrating most of their efforts on this market recently because Chinese customers have been paying the highest prices.Around 40,000 tonnes of Ukraine-origin billet scheduled for shipment in July were reported sold to China at $393 per tonne cfr, equivalent to $36...Read More
China's domestic rebar prices were flat on Thursday May 21, with both buyers and sellers taking a wait-and-see approach to the market following the start of an annual meeting of policymakers in Beijing.Domestic Eastern China (Shanghai): 3,560-3,590 yuan ($501-506) per tonne, unchangedThe Chinese People's Political Consultative Conference started its annual meeting on Thursday afternoon while that...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 21 that are worth another look.The recently opened anti-dumping investigation into Turkish exports of hot-rolled coil to the EU fails to comply with the principles of the Customs Union and Free Trade Agreements between Turkey and the European Commission (EC), the Turkish Steel Producers' Association (TCUD) told Fastmarkets on...Read More
Alex Jones says he recently spoke with Joe Rogan about his decision to move his podcast to Spotify. According to Jones, Joe finally had enough of YouTube's censorship tactics and decided to move on from the platform in the name of liberty and free speech. Jones says the ultimate breaking point for Joe came after he was told not to interview doctors whose views on covid-19 differentiated from the m...Read More
Topics:*New Book under development on the Pandemic and Depression*Why Scientists without expert knowledge of the economy may not be the best source for determining economic policy*Why discernment of the various views of scientists with opposing views on how to deal with Coronavirus is important*Unemployment Claims have exceeded 38m in the US*There has never been a time when the stock market does n...Read More
Join Hedgeye CEO Keith McCullough and Danielle DiMartino Booth, former Fed advisor and Chief Strategist at Quill Intelligence, in this pro-to-pro investing discussion about the current market environment.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time...Read More
Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political career...Read More
Jordan Roy-Byrne looks at the gold, silver, and GDX charts. He discusses the multi-year resistance levels that all are closing in on. Also a couple comments on the type of stocks that are moving.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timin...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
This is the end. In this 'deep dive' presentation Mike Maloney points out how the Fed is now backed into a corner - that there are only two actions they can take, and both lead to the same destination. Stick with this video, it is detailed...but the conclusions are vitally important to understand. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of...Read More
On this week's episode of System Update, Glenn Greenwald talks to journalist Vincent Bevins about his newly launched book, The Jakarta Method. The book examines the series of mass murder programs engineered by the CIA with the purported goal of fighting communism during the Cold War, and how the consequences of these programs shape the global order - and U.S. politics - to this day.Glenn Greenwald...Read More
The interview starts off with Bob discussing the economy, that it will recover but it will take some time. China trade deal might not happen because the Chinese supply chains are being looked at and reworked. China is now weakened. Gold and silver are ready to move.Bob's website: tradegeniusacademy.comRead More
Bob Hoye is a trained geologist, successful resource investor and economic historian. In this interview, Bob explains why he believes we are now in a deflationary economic environment. Amidst this environment, Bob sees the price of gold rising and gold stocks entering a multi-decade bull market.0:15 Introduction1:26 We are facing deflation now9:03 Are you are short general equities and long commod...Read More
The scheme is to crash their economies and then blame everything on the virus and then blame Trump for not bailing them out for the 2020 election. This is a very clever scheme being relayed in whispers Continue...Read More